Sky takeover auction draws near

The fierce game of cat and mouse that has entangled Sky (SKY), Comcast (US:CMCSA) and 21st Century Fox (US:FOXA) for nearly two years will soon come to a head. Both bidders – Comcast and Fox – have made generous offers for Sky, but neither is willing to confirm its final price. Sky’s shareholders are also hanging out for more – as of 12 September, just 0.3 per cent of investors had accepted Comcast’s bid, while at the time of writing the shares were trading hands at 1,570p – 95p more than the highest offer.